Connect with us
Connect with us
You’ve never visited Canada? Or done business there, but you want to invest or start a business with less risk. Many applicants consider investing in a franchise as a safe investment for their Canadian PR. We will cover franchise investments’ eligibility across various provinces and programs.
Do you want to plan your future in Canada? We could help you get your PR! Reach out and get a FREE email assessment with one of our licensed immigration consultants, who will assess your profile against +75 immigration programs across Canada, click here.
Many investors and entrepreneurs prefer franchise businesses as their entry into the Canadian market due to the following reasons:
*Established brand and market share.
*Standard Operating Procedures (SOP) for running the business.
*Likelihood of success and positive cash flow is higher than starting from scratch without any established brand, customer, or market share.
*Ongoing national marketing (you don’t need to worry about competitiveness, marketing, or promotions – it’s all done through the head office).
*Training of the owner, and staff.
*Ability to visit existing franchise locations to understand the business model.
*Proven track record of the franchise.
Do you want to become a Permanent Resident in Canada? Our licensed consultants could assess your profile against +75 immigration programs across Canada. Get a FREE email assessment by filling out our form, click here.
Before we begin, it is important to note that you can also come to Canada and apply for a franchise business under the Federal work permit program in the C10 LMIA exempt stream. This would not be any specific provincial program but would need to prove a significant benefit to Canada in order for IRCC to approve this type of entrepreneur work permit. Typically, in the big cities franchise purchases or startups under the federal program should be significant investments, otherwise, they should be located outside big urban areas. Also, remember that converting to PR via federal programs such as the C10 will require Express Entry eligibility or transition to the Provincial Program (PNP). One advantage to keep in mind for this program is that if you do invest in an ongoing existing franchise that is large enough, you could obtain 200 points in Express Entry through an LMIA sponsorship after you have made the purchase so you can arrive in Canada with your PR and then run the franchise. It’s all possible but you need to meet specific eligibility criteria and so does the business you are purchasing – whether a franchise or not, there are numerous options.
Do you want to plan your future in Canada? We could help you get your PR! Reach out and get a FREE email assessment with one of our licensed immigration consultants, who will assess your profile against +75 immigration programs across Canada, click here.
Whether you want to invest in a new franchise or an existing one, the sky is the limit. So many brands are now franchising and selling businesses in Canada. You could be buying very established premium brands such as McDonald’s, Tim Hortons, KFC, Subway, Pizza Pizza, Thai Express, or other similar food franchise locations. You can also opt for newer franchises that are less costly. And if you prefer to stay away from the hospitality sector, there are numerous franchise businesses available such as services, real estate, construction, renovations, and even education franchises such as Oxford Learning, and so forth.
Do you want to become a PR in Canada? At INGWE we could support you! Get a FREE email assessment with one of our licensed immigration consultants. We speak over +8 languages and we have helped applicants from +49 countries in their immigration path to Canada. Fill out our form, click here.
Important recommendations if you want to buy a franchise for Canadian immigration
Some useful advice that we can give to any applicants looking to invest in a franchise for immigration to Canada is to consider the following:
* You need to connect with franchise brands, whether direct or franchise brokers. The seller always pays the commission so you don’t need to worry if you work with a broker. Not all big brands allow their franchise locations to be brokered.
* You need a franchise lawyer. To review the Financial Disclosure Document and other terms and conditions on the Master Agreement.
* You will need a valuation company to check the true value of the franchise business if you are buying an existing location of the franchise.
* You will need to plan your immigration correctly based on the franchise investment. You cannot invest or plan before you know whether it will affect your immigration plan successfully or not.
If you’re planning to immigrate to Canada and you’re looking for some guidance and support, you’re at the right place! We are licensed and we have successfully supported applicants from more than 49 nationalities to apply for Canadian immigration through Studies, Working, Sponsorship, and Business. Get a FREE email assessment, click here.
Any Franchise investment in this province can only be eligible if the applicant can demonstrate that the proposed franchise is well-established (i.e., ability to expand, sound financial track record, and in operation for at least 60 months (five years).
The BC PNP will only consider the purchase of an existing franchise location as an eligible business if it includes an expansion/improvement plan that is consistent with franchisor requirements. All other requirements must also be met.
New and Existing Franchise purchases are allowed.
The SINP may consider eligible operating expenses and start-up costs up to a maximum of the first six (6) months for new businesses and a maximum of the first three (3) months for existing businesses or new franchise locations.
Additional points are available if you are buying an existing business.
* The business must have been in ongoing operation in Saskatchewan by the same owner for the past three years (before purchase).
* You must complete an exploratory visit to meet the previous owners.
* You must establish a fair market value for the business.
* There must be a complete change in ownership to you.
* You must maintain employment for existing Canadian citizens or permanent residents.
* You must keep the existing wages and employment terms.
New and existing franchises are allowed outside the Greater Toronto Area (GTA).
New and existing franchises are allowed in this province. Operating Expenses are NOT an eligible investment for Franchise purchase/start-up.
New and existing franchises are allowed in this province but with more scrutiny and eligibility criteria than in other provinces.
New and existing franchises are allowed in this province. However, restrictions apply in terms of the goodwill value of an existing franchise. With a proper valuation report, 1/3 of the goodwill investment amount can be claimed as an eligible investment.
New and existing franchises are allowed in this province.
New and existing franchises are allowed in this province.
New and existing franchises are allowed in this province.
If you’re thinking about immigrating whether permanently or temporarily - you’re at the right place! Our team speaks over +9 languages, and we help applicants from over 49 different countries during their immigration process. Get a FREE email assessment, click here.
